official Elliot Wave Analysis by Solidecn.com

[Solid ECN ✔️]

Bank of America, the price may fall.

On the daily chart, the formation of the first wave of the higher level 1 has completed and a downward correction is developing as the second wave 2. At the moment, the formation of the wave (A) of 2 continues, in which the fifth wave of the lower level 5 of (A) develops.

 

If the assumption is right, the fall of the pair will continue to the levels of 32 - 26.32. The level of 40.3 is critical and stop-loss for this scenario.

 

[Solid ECN ✔️]

The probability of the pair reduction remains.
On the daily chart, the development of the first wave of the higher level (1) of C has completed and a downward correction as wave (2) of C continues to be formed. At the moment, the wave of the lower level A of (2) is clearly observed; in addition, the development of wave B of (2) has ended and wave C of (2) is forming, in which wave i of C is developing.

If the assumption is correct, the pair will fall to the levels of 0.6742 - 0.6446. The level of 0.7456 is critical and stop-loss for this scenario.

[Solid ECN ✔️]

On the daily chart, the first wave of the higher level (1) of 5 is formed, within which the wave 3 of (1) develops. At the moment, the first wave of the lower level i of 3 has formed, the local correction as the second wave ii of 3 has completed and the third wave iii of 3 is developing, in which wave (iii) of iii is being formed. 

If the assumption is correct, USDCAD will rise to the levels of 1.32 - 1.341. The level of 1.2455 is critical and stop-loss for this scenario.

[Solid ECN ✔️]

On the daily chart, a descending first wave of the higher level (1) of 3 has formed and the upward correction continues to develop as the second wave (2) of 3; wave C of (2) is being formed, in which the third wave of the lower level iii of C is developing.

If the assumption is correct, the growth of USDCHF will continue to the levels of 0.99 - 1.0029. The level of 0.9593 is critical and stop-loss for this scenario.

[Solid ECN ✔️]

Intel Corp, the price may fall.

On the daily chart, the downward correction of the higher level continues to develop as the second wave (2), within which wave C of (2) is being formed. At the moment, the third wave of the lower level iii of C is developing, in which the local correction as wave (ii) of iii has completed and the formation of wave (iii) of iii continues.

If the assumption is correct, the price will fall to the levels of 38 - 31.5. The level of 52.6 is critical and stop-loss for this scenario.

[Solid ECN ✔️]

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed, and a downward correction form as the second wave 2 of (1) of C. Now, the wave of the lower level a of 2 is developing, within which the correctional wave (iv) of a is ending its formation. 

If the assumption is correct, after the end of the correction, the price will fall within the wave (v) of a to the levels of 82.3 - 67. In this scenario, critical stop loss level is 118.38.

 

[Solid ECN ✔️]

On the daily chart, a global downward correction develops, within which the wave of the higher level (C) of B forms, and the fifth wave v of (C) develops. Now, the fifth wave of the lower level (v) of v of (C) is forming, within which the wave v of (v) of v is developing. 

If the assumption is correct, the EURUSD pair will fall to the levels of 1.035 - 1.025. In this scenario, critical stop loss level is 1.0704.

[Solid ECN ✔️]

On the daily chart, a downward correction develops as the wave (2), within which the wave and of (2) formed, a local correction developed as the wave B of (2), and the wave C of (2) develops. Now, the fifth wave of the lower level v of C is developing. 

If the assumption is correct, the GBP/USD pair will fall to the levels of 1.2081 - 1.195. In this scenario, critical stop loss level is 1.2642.

 

[Solid ECN ✔️]

Nvidia, the price may fall.

On the 4-hour chart, a downward correction of the higher level develops as the wave (B), within which the wave C of (B) forms. Now, the third wave of the lower level iii of C is developing, within which the formation of the wave (iii) of iii has started. 

If the assumption is correct, the price will fall to the levels of 100 - 50. In this scenario, critical stop loss level is 203.96.

 

[Solid ECN ✔️]

On the daily chart, the first wave of the higher level (1) of 5 forms, within which the wave 3 of (1) develops. Now, the first wave of the lower level i of 3 has formed, a local correction has ended as the second wave ii of 3, and the third wave iii of 3 is developing, within which the wave (iii) of iii is forming. 

If the assumption is correct, the pair will grow to the levels of 1.32 - 1.341. In this scenario, critical stop loss level is 1.2709.

[Solid ECN ✔️]

On the daily chart, the first downward wave of the higher level (1) of 3 formed, and an upward correction develops as the second wave (2) of 3, within which the wave C of (2) forms. Now, the third wave of the lower level iii of C is developing, within which the wave (iii) of iii has ended. 

If the assumption is correct, after the end of the correction (iv) of iii the pair will grow to the levels of 1.007 - 1.02. In this scenario, critical stop loss level is 0.9783.

[Solid ECN ✔️]

On the daily chart, the first wave of the higher level (1) of C developed, and a downward correction forms as the wave (2) of C. Now, the wave of the lower level A of (2) has formed, the wave B of (2) has developed, and the wave C of (2) is forming, within which the wave i of C has ended, and the wave ii of C is forming. 

If the assumption is correct, after the end of the correction, the pair will fall to the levels of 0.6742 - 0.6446. In this scenario, critical stop loss level is 0.7374.

[Solid ECN ✔️]

On the daily chart, the first wave of the higher level (1) develops, within which the third wave 3 of (1) formed. Now, a downward correction has started to develop as the fourth wave 4 of (1), within which the wave a of 4 is forming. 

If the assumption is correct, the pair USDJPY will fall to the levels of 124.65 - 120.5. In this scenario, critical stop loss level is 131.5.

 

[Solid ECN ✔️]

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) formed. Now, a local correction has ended as the fourth wave 4 of (5), and the development of the fifth wave 5 of (5) has started, within which the first wave of the lower level i of 5 has formed, and the wave ii of 5 is ending. 

If the assumption is correct, after the end of the correction, the price will grow within the wave iii of 5 to the levels of 280 - 295. In this scenario, critical stop loss level is 233.65.

 

[Solid ECN ✔️]

On the daily chart, the global downward correction develops, within which the wave of the higher level C of (B) forms, within which the fifth wave v of (C) develops. Now, the third wave of the lower level (iii) of v of (C) has formed, and a local correction is starting to develop as the fourth wave (iv) of v. 

If the assumption is correct, after the end of the correction, the price will fall to the levels of 1.031 - 1.025. In this scenario, critical stop loss level is 1.0645.

[Solid ECN ✔️]

On the daily chart, the third wave of the higher level 3 developed, and a downward correction develops as the fourth wave 4. Now, the wave (A) of 4 has formed, the wave (B) of 4 has developed, and the wave (C) of 4 is developing, within which the third wave of the lower level 3 of (C) has formed, and a local correction is developing as the wave 4 of (C). 

If the assumption is correct, after the end of the correction, the price will fall to the levels of 127.03 - 121.35. In this scenario, critical stop loss level is 155.30.

 

[Solid ECN ✔️]

On the daily chart, the first wave of the higher level (1) develops, within which the third wave 3 of (1) formed. Now, a downward correction has started to develop as the fourth wave 4 of (1), within which the wave a of 4 is forming.

If the assumption is correct, the pair will fall to the levels of 124.57 - 120.38. In this scenario, critical stop loss level is 131.33.

[Solid ECN ✔️]

On the daily chart, the first wave of the higher level 1 formed, and a downward correction develops as the second wave 2. Now, the wave (А) of 2 is forming, within which the fifth wave of the lower level 5 of (А) is developing. 

If the assumption is correct, the price will fall to the levels of 32 - 26.32. In this scenario, critical stop loss level is 38.72.

 

[Solid ECN ✔️]

On the daily chart, the upward wave of the higher level А formed, and a downward correction develops as the wave B. Now, the wave (А) of B is forming as a momentum, within which the fifth wave of the lower level 5 of (A) is developing. 

If the assumption is correct, the price will fall to the levels of 50 – 25. In this scenario, critical stop loss level is 95.02.

 

[Solid ECN ✔️]

AUDUSD, the pair may fall.

On the daily chart, the first wave of the higher level (1) of C develops, and a downward correction forms as the wave (2) of C, within which the wave C of (2) forms. Now, the wave of the lower level i of C has formed, and a local correction is forming as the wave ii of C. 

If the assumption is correct, after the end of the correction, the price will fall to the levels of 0.6742 - 0.6446. In this scenario, critical stop loss level is 0.7244.